The night before the mining company's shareholders' meeting: Authorization shares are in short supply, ETH mining speed faces bottlenecks

2026-01-12 16:20:13

【CryptoWorld】Mining company Bitmine is about to hold its annual shareholders’ meeting. The management has officially addressed the shareholders, requesting a key amendment before the meeting on January 15, 2026 — to increase the authorized share capital.

Why is this matter so urgent? The reason is that Bitmine’s current authorized share limit of 500 million shares is about to be exhausted. It’s important to note that this is no small issue. According to the company’s bylaws, issuing additional shares requires approval from at least 50.1% of the circulating shares, meaning any proposal to increase the share count must be approved by a majority of shareholders.

The management’s logic is straightforward: once the authorized shares are used up, new issuance plans cannot proceed, which would impact the pace of ETH accumulation. In other words, mining efficiency could be hampered. Therefore, the second proposal becomes particularly critical — shareholders need to approve an increase in the authorized share capital to provide the company with sufficient “ammunition” for future operations.

Such situations are not uncommon in mining companies, but the high threshold of 50.1% certainly adds difficulty to management’s efforts. Over the next two months, how to secure enough shareholder support will directly determine Bitmine’s growth trajectory.

ETH6,06%

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LiquidityWitch

· 15h ago

The shares are almost used up, and you're not rushing to issue more; this logic makes no sense. Authorized shares really impose restrictions; the 50.1% threshold is a bit harsh. Mining speed being stuck is no joke; we need to expedite the approval.

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BlockBargainHunter

· 01-12 16:50

It's the same story again: authorized shares are running low, so they need to issue more, and shareholders have to approve... Basically, it's still about paving the way for expanded mining capacity.

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TerraNeverForget

· 01-12 16:48

Oh no, it's that old trick again—panicking once the authorized shares are used up. It's that old trick again—panicking once the authorized shares are used up. 50.1% threshold? Seems a bit manipulative. Is the mining efficiency really being dragged down, or is it just paving the way for financing? Speaking of, the 500 million shares just disappeared—management really dares to do that. The issue of running out of authorized shares feels like it's laying the groundwork for subsequent negative news.

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OffchainWinner

· 01-12 16:48

Authorized shares running low? Bitmine needs to step up now, or the mining progress will really come to a halt.

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RadioShackKnight

· 01-12 16:45

Is the authorized shares running out again? I’m familiar with this trick; every time, they have to bring up mining efficiency.

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MetaverseVagabond

· 01-12 16:35

Authorization shares are running out? Basically, it means there's not enough money, same old story. ETH mining speed is hitting a bottleneck, now there's something to watch. The management really knows how to play, setting the 50.1% threshold quite harshly. This shareholder meeting is probably going to be a fuss again. Let's wait and see if it can pass smoothly.

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